David

PRECIOUS-Gold dips as stocks recover, dollar gains ahead of Fed meeting * Dollar rises to highest since Dec. 2 * Overall U.S. durable goods orders rise 2.4% vs 0.4% consensus * New orders for key U.S.-made capital goods drop most in 8-months * Fed’s two-day policy meeting starts later in the day Jan 28 (Reuters) – Gold fell on Tuesday as equity markets rebounded following positive U.S. economic data while the dollar scaled a near two-month peak ahead of the…

Gold prices fall today for first time in 3 days, silver rates decline Investors booked some profit after the recent run-up in gold prices Both gold and silver prices have moved sharply higher this month   Gold and silver prices edged lower in Indian markets today as higher rupee, and profit-taking after the recent run-up pushed prices lower. On MCX, February gold futures prices were down 0.18% to ₹40,511 per 10 gram, their first decline in three days. Tracking gold,…

PRECIOUS-Gold rises to over 2-week high as China virus spreads Jan 27 (Reuters) – Gold prices climbed to a more than two-week high on Monday as rising concerns over the spread of a virus outbreak in China and its potential economic impact prompted investors to buy the safe-haven metal. FUNDAMENTALS * Spot gold rose to its highest since Jan. 8 at $1,586.42 and was up 0.6% at $1,579.94 per ounce by 0131 GMT. U.S. gold futures advanced 0.5% to $1,579.50.…

Precious Metals Weekly Round-Up – Gold Reacts to Pandemic Fears On Thursday, gold hit its highest price for the week at US$1,566.80 as cities outside of China began reporting cases of the flu-like virus. The precious metals sector performed flatly this week despite gold experiencing a slight uptick in relation to concerns that the coronavirus may be a global pandemic. On Thursday (January 23), gold hit its highest price for the week at US$1,566.80 per ounce as cities outside of…

Gold eyes $1,600 as Fed meeting, new virus threat in focus next week Gold eyes $1,600 as Fed meeting, new virus threat in focus next week Gold is well supported and has room to run higher next week as analysts point to the Federal Reserve meeting and the spread of the new coronavirus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment this week but managed to hold above $1,550 an ounce…

PRECIOUS-Gold inches lower as investors seek clarity on virus severity * China gears up for Lunar New Year celebrations * Spot gold may retrace range of $1,551-$1,554/oz- technicals * SPDR Gold holdings rose 0.2% on Thursday   Jan 24 (Reuters) – Gold edged lower on Friday after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, though prices were still on track to post a weekly gain. Spot gold fell 0.1% to $1,561.86 per…

Gold Weakens But Safe Haven Appeal Still in Focus Gold prices are trading somewhat steady after having climbed to a two-week high during the previous trading session over rising concerns of the spread of the coronavirus across and beyond China. At the time of writing, GOLD is trading at a little above $1,551. The safe haven appeal of gold was boosted by rising fears of an outbreak of coronavirus, which has spread across major Chinese cities like Beijing and Shanghai.…

Gold price today – Yellow metal trades lower amid volatility, but may move above Rs 40K soon Pritam Patnaik of Reliance Securities advised buying gold February in the range of Rs 39,900-39,850 with a stoploss at Rs 39,790 and target of Rs 40,100 levels.   1. USA | The largest economy in the world has the most gold, nearly double of Germany, at 8,133.5 tonnes. Gold futures traded lower amid volatility in the morning on January 20, after rallying more…

Gold futures gain for the session, but end little changed for the week Palladium futures soar to more record highs Gold futures moved higher on Friday, but the yellow metal barely budged for the week as stock rallied to all-time highs, helping to undercut some demand for assets perceived as havens. “Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy,” said Lukman Otunuga, senior research analyst…